2023

PROJECT
REPORT

Goat farm
finline address
 Project at a glance

Name & Address of Unit

Goat farm
finline address ,123456

Activity : Goat farm

Email : sample@finline.in

Phone : 1234567890

Constitution : Proprietorship

Scheme : sme

Number of employment : 5

Total project cost : 16,00,000.00

Fixed Capital : 6,00,000.00

Working Capital : 10,00,000.00

Total Bank loan : 12,50,000.00

Promoter(s) contribution : 3,50,000.00

Term loan : 4,50,000.00 Interest : 11.00 %

Working capital loan : 8,00,000.00 Interest : 11.00 %

Name & address of promoter(s)

Name : finline sample project

Address : finline address

Phone : 1234567890

Designation : Founder

Category : na

E-mail : sample@finline.in
 Project Feasibility Ratio

Debt Service Coverage Ratio (Average) : 27.97

Current ratio (Average) : 10.1

Year 1 Year 2 Year 3 Year 4 Year 5

Current ratio 2.53 5.93 9.69 13.86 18.46

Quick ratio 2.53 5.93 9.69 13.86 18.46

Interest coverage ratio 20.94 22.25 26.19 31.24 37.94

Debt equity ratio 0.88 0.27 0.14 0.09 0.06

TOL/TNW 0.88 0.27 0.14 0.09 0.06

DSCR 27.34 24.14 26.63 29.36 32.38

Gross profit Sales Percentage % 60.83 % 60.83 % 60.83 % 60.83 % 60.83 %

Net profit Sales Percentage % 20.39 % 20.49 % 20.67 % 20.84 % 20.99 %

Return On Capital Employed 0.57 0.61 0.40 0.31 0.26

Net profit Sales % Quick ratio

Project Feasibility graph
Revenue v/s Expense

Expense Splitup
 Introduction

Project report for diary farm is as follows

Dairying is an important source of subsidiary income to small/marginal farmers and agricultural labourers. In
addition to milk, the manure from animals provides a good source of organic matter for improving soil fertility
and crop yields. The gobar gas from the dung is used as fuel for domestic purposes as also for running
engines for drawing water from well. The surplus fodder and agricultural by- products are gainfully utilised for
feeding the animals. Almost all draught power for farm operations and transportation is supplied by bullocks.
Since agriculture is mostly seasonal, there is a possibility of finding employment throughout the year for many
persons through dairy farming. Thus, dairy also provides employment throughout the year. The main
beneficiaries of dairy programmes are small/marginal farmers and landless labourers. The Indian dairy
market holds tremendous potential that can be harnessed with focussed strategies. Worth INR 5,000 billion in
2016, 80% of the industry remains unorganized. While multiple opportunities exist for dairy companies, rural
focus and wellness/premium products will be primary. The dairy market in India reached a value of INR 9,168
Billion in 2018. Along with offering profitable business opportunities, the dairy industry in India serves as a tool
of socio-economic development. Keeping this in view, the Government of India has introduced various
schemes and initiatives aimed at the development of the dairy sector in the country. For instance, the
“National Dairy Programme (Phase-I)” aims to improve cattle productivity and increase the production of milk
expanding and strengthening and expanding the rural milk procurement infrastructure and provide greater
market access to the farmers. On the other hand, the private participation in the Indian dairy sector has also
increased over the past few years. Both national and international players are entering the dairy industry,
attracted by the size and potential of the Indian market. The focus is being given to value-added products
such as cheese, yogurt, probiotic drinks, etc. They are also introducing innovative products keeping in mind
the specific requirements of the Indian consumers. These players are also improving their milk procurement
network which is further facilitating the development of the dairy industry in India. Looking forward, the
market is expected to reach a value of INR 21,971 Billion by 2024, exhibiting a CAGR of around 16% during
2019-2024.
 Product / Services & process

Goat provides milk, manure and meat. The goat milk is costly and having the following benefits

• Less allergenic proteins

• Easily digestible fats and proteins

• Lower in Lactose

• Plenty of calcium

• Blood pressure friendly

• A good source of key vitamins

• Naturally lower in cholesterol

• Other Essential Minerals.

 Market potential & Strategy

In India, the co-operatives and private dairies have access to only 20% of the milk produced. Approximately,
34% of the milk is sold in the unorganized market while 46% is consumed locally. This is in comparison to
most of the developed nations where almost 90% of the surplus milk is passed through the organized sector
The price of the premium milk is immaterial, there seems to be a market for that high priced organic milk.
People are willing to spend on such products. The more the people spend on such products, the better for the
economy.

India has seen a substantial increase in the per capita income and growth in disposable income has
significantly improved the purchasing power over the past decade. Rapid urbanization has led to a major
increase in the demand for packaged/processed foods, favorably impacting the dairy industry in the country.
In the era of digitization and increased access to actionable information, the Indian populace is becoming
health and product quality conscious, which has led to the improved variety of food products available in the
country. The ever-increasing demand for value-added milk products has also increased the demand for milk
production.

Meat consumption in India is expected to grow fast in the next 4 years, according to some recent studies.
Nowadays, the Indian meat market is estimated to be at $31 billion, but it could reach a value of $65 billion
until 2022 if a Compound Annual Growth Rate (CAGR) of 20% is to be maintained all this time.
 Project Cost
Sl. no Item Amount Rs.

1 Land 1,00,000.00

2 Shed/building /Tank 1,00,000.00

3 Agriculture machinery/motors 1,00,000.00

4 Racks & storage 1,00,000.00

5 Electrification & Electricity backup 1,00,000.00

6 Seeds/Livestock 1,00,000.00

7 Working Capital 10,00,000.00

Total 16,00,000.00
 Working Capital Computation
Sl. no Item Amount Rs.

1 Working expense. 10,00,000.00

2 Total working capital 10,00,000.00

3 Own Contribution 2,00,000.00

4 Working capital loan 8,00,000.00

 Annual Sales / Revenue
Sales is calculated from November 2023

Sl. no Item Rate Quantity Month Unit Total Rs.

1 Revenue from Milk 558.14 X 80 X 5 liter 2,23,256.17

2 Revenue from meat 27,907.02 X 35 X 5 Metre 48,83,728.82

Total 51,06,985.00
 Total Yearly Expense
Expense is calculated from November 2023 .

Sl. no Item Amount Rs.

1 Salary 5,00,000.00

2 Repairs and maintenance charges 5,00,000.00

3 Electricity/Gas charges 5,00,000.00

4 Insurance expense 5,00,000.00

5 Feed feed 5,00,000.00

6 Transportation cost 5,00,000.00

7 Marketing & advertising cost 5,00,000.00

8 Veterinary medical expense 5,00,000.00

Total 40,00,000.00
 Application of Fund
Sl. no Item Subsidy % No. Rate Amount Rs.

1 Land 0.00 1 1,00,000.00 1,00,000.00

2 Shed/building /Tank 0.00 1 1,00,000.00 1,00,000.00

3 Agriculture machinery/motors 0.00 1 1,00,000.00 1,00,000.00

4 Racks & storage 0.00 1 1,00,000.00 1,00,000.00

5 Electrification & Electricity backup 0.00 1 1,00,000.00 1,00,000.00

6 Seeds/Livestock 0.00 1 1,00,000.00 1,00,000.00

Total Investment 6,00,000.00

Total Subsidy 0.00

Net Investment 6,00,000.00

 Means of Finance
Sl. no Item Amount

1 Term Loan 4,50,000.00

2 Working capital Loan 8,00,000.00

3 Total loan 12,50,000.00

4 Promoters contribution on term loan 1,50,000.00

5 Promoters contribution on working capital loan 2,00,000.00

 Profitability Statement
All figures are in lakhs
31/03/24 31/03/25 31/03/26 31/03/27 31/03/28

Revenue from operation

Revenue from Milk 2.23 5.89 6.48 7.13 7.84

Revenue from meat 48.83 128.93 141.82 156.00 171.60

Add :

Closing stock 0 0 0 0 0

Total 51.06 134.82 148.30 163.13 179.45

Less :

Opening stock 0 0 0 0 0

Feed feed 5.00 13.20 14.52 15.97 17.56

Salary 5.00 13.20 14.52 15.97 17.56

Repairs and maintenance charges 5.00 13.20 14.52 15.97 17.56

Electricity/Gas charges 5.00 13.20 14.52 15.97 17.56

Total 20.00 52.80 58.08 63.88 70.27

Gross profit 31.06 82.02 90.22 99.24 109.17

Less :

Insurance expense 5.00 13.20 14.52 15.97 17.56

Transportation cost 5.00 13.20 14.52 15.97 17.56

Marketing & advertising cost 5.00 13.20 14.52 15.97 17.56

Veterinary medical expense 5.00 13.20 14.52 15.97 17.56

Total 20.00 52.80 58.08 63.88 70.27

Profit before interest, tax and depreciation 11.06 29.22 32.14 35.36 38.89

Depreciation 0.13 0.29 0.25 0.22 0.20

Interest on TL 0.16 0.43 0.35 0.25 0.14

Interest on WC 0.37 0.88 0.88 0.88 0.88

Profit before tax 10.41 27.62 30.66 34.00 37.67

Income Tax 0 0 0 0 0

Profit after tax 10.41 27.62 30.66 34.00 37.67

 Cash flow statement
All figures are in lakhs
Cash Inflow Pre operative period 31/03/24 31/03/25 31/03/26 31/03/27 31/03/28
Capital 1.50 2.00 0 0 0 0
Subsidy 0 0 0 0 0 0
Termloan 4.50 0 0 0 0 0
Profit before tax with interest 0 10.94 28.93 31.89 35.13 38.69
Increase in WC loan 0 8.00 0 0 0 0
Depreciation 0 0.13 0.29 0.25 0.22 0.20
Increase in Current liability 0 0 0 0 0 0
Total Cash Inflow 6.00 21.06 29.22 32.14 35.36 38.89

Cash Outflow
Fixed Assets 6.00 0 0 0 0 0
Increase in Current asset 0 0 0 0 0
Interest on TL 0 0.16 0.43 0.35 0.25 0.14
Interest on WC 0 0.37 0.88 0.88 0.88 0.88
Income Tax 0 0 0 0 0 0
Decrease in Term loan 0.23 0.74 0.83 0.92 1.02
Drawing 0 0 0 0 0 0
Total Cash Outflow 6.00 0.76 2.05 2.05 2.05 2.05
Opening balance 0 0 20.31 47.48 77.57 110.88
Net Cashflow 0 20.31 27.17 30.09 33.30 36.84
Closing balance 0 20.31 47.48 77.57 110.88 147.72
 Balance sheet
All figures are in lakhs
Liability Pre operative period As of 31/03/24 31/03/25 31/03/26 31/03/27 31/03/28

A. Share holders funds

Capital 1.50 3.50 3.50 3.50 3.50 3.50

Reserve & Surplus 0 10.41 38.04 68.70 102.71 140.39

B.Non current Liabilities

Termloan 4.50 4.27 3.52 2.70 1.78 0.75

C.Current Liabilities

Working capital loan 0 8.00 8.00 8.00 8.00 8.00

Account payable 0 0 0 0 0

Total Liability 6.00 26.18 53.07 82.91 115.99 152.64

Asset

A. Non current Assets

Fixed Assets 6.00 5.87 5.58 5.33 5.11 4.91

B. Current Assets

Inventory 0 0 0 0 0 0

Trade receivables 0 0 0 0 0 0

Cash and cash equivalence 0 20.31 47.48 77.57 110.88 147.72

Total Asset 6.00 26.18 53.07 82.91 115.99 152.64

 Repayment of Term loan
All figures are in lakhs
Year Month Installment Outstanding at the beginning Principal repayment Interest Amount paid Outstanding at the end

1 Dec 2023 1 4.50 0.057 0.041 0.098 4.44

1 Jan 2024 2 4.44 0.057 0.041 0.098 4.38

1 Feb 2024 3 4.38 0.058 0.040 0.098 4.32

1 Mar 2024 4 4.32 0.058 0.040 0.098 4.27

2 Apr 2024 5 4.27 0.059 0.039 0.098 4.21

2 May 2024 6 4.21 0.059 0.039 0.098 4.15

2 Jun 2024 7 4.15 0.060 0.038 0.098 4.09

2 Jul 2024 8 4.09 0.060 0.038 0.098 4.03

2 Aug 2024 9 4.03 0.061 0.037 0.098 3.97

2 Sep 2024 10 3.97 0.061 0.036 0.098 3.91

2 Oct 2024 11 3.91 0.062 0.036 0.098 3.84

2 Nov 2024 12 3.84 0.063 0.035 0.098 3.78

2 Dec 2024 13 3.78 0.063 0.035 0.098 3.72

2 Jan 2025 14 3.72 0.064 0.034 0.098 3.65

2 Feb 2025 15 3.65 0.064 0.034 0.098 3.59

2 Mar 2025 16 3.59 0.065 0.033 0.098 3.52

3 Apr 2025 17 3.52 0.065 0.032 0.098 3.46

3 May 2025 18 3.46 0.066 0.032 0.098 3.39

3 Jun 2025 19 3.39 0.067 0.031 0.098 3.33

3 Jul 2025 20 3.33 0.067 0.031 0.098 3.26

3 Aug 2025 21 3.26 0.068 0.030 0.098 3.19

3 Sep 2025 22 3.19 0.069 0.029 0.098 3.12

3 Oct 2025 23 3.12 0.069 0.029 0.098 3.05

3 Nov 2025 24 3.05 0.070 0.028 0.098 2.98

3 Dec 2025 25 2.98 0.070 0.027 0.098 2.91

3 Jan 2026 26 2.91 0.071 0.027 0.098 2.84

3 Feb 2026 27 2.84 0.072 0.026 0.098 2.77

3 Mar 2026 28 2.77 0.072 0.025 0.098 2.70

4 Apr 2026 29 2.70 0.073 0.025 0.098 2.62

4 May 2026 30 2.62 0.074 0.024 0.098 2.55

4 Jun 2026 31 2.55 0.074 0.023 0.098 2.48

4 Jul 2026 32 2.48 0.075 0.023 0.098 2.40

4 Aug 2026 33 2.40 0.076 0.022 0.098 2.33

4 Sep 2026 34 2.33 0.076 0.021 0.098 2.25

4 Oct 2026 35 2.25 0.077 0.021 0.098 2.17

4 Nov 2026 36 2.17 0.078 0.020 0.098 2.09

4 Dec 2026 37 2.09 0.079 0.019 0.098 2.02

Year Month Installment Outstanding at the beginning Principal repayment Interest Amount paid Outstanding at the end

4 Jan 2027 38 2.02 0.079 0.019 0.098 1.94

4 Feb 2027 39 1.94 0.080 0.018 0.098 1.86

4 Mar 2027 40 1.86 0.081 0.017 0.098 1.78

5 Apr 2027 41 1.78 0.082 0.016 0.098 1.69

5 May 2027 42 1.69 0.082 0.016 0.098 1.61

5 Jun 2027 43 1.61 0.083 0.015 0.098 1.53

5 Jul 2027 44 1.53 0.084 0.014 0.098 1.44

5 Aug 2027 45 1.44 0.085 0.013 0.098 1.36

5 Sep 2027 46 1.36 0.085 0.013 0.098 1.28

5 Oct 2027 47 1.28 0.086 0.012 0.098 1.19

5 Nov 2027 48 1.19 0.087 0.011 0.098 1.10

5 Dec 2027 49 1.10 0.088 0.010 0.098 1.01

5 Jan 2028 50 1.01 0.088 0.0093 0.098 0.93

5 Feb 2028 51 0.93 0.089 0.0085 0.098 0.84

5 Mar 2028 52 0.84 0.090 0.0077 0.098 0.75

6 Apr 2028 53 0.75 0.091 0.0069 0.098 0.66

6 May 2028 54 0.66 0.092 0.0061 0.098 0.57

6 Jun 2028 55 0.57 0.093 0.0052 0.098 0.48

6 Jul 2028 56 0.48 0.093 0.0044 0.098 0.38

6 Aug 2028 57 0.38 0.094 0.0035 0.098 0.29

6 Sep 2028 58 0.29 0.095 0.0026 0.098 0.19

6 Oct 2028 59 0.19 0.096 0.0018 0.098 0.097

6 Nov 2028 60 0.097 0.097 0 0.098 0

 Debt Service Coverage Ratio
All figures are in lakhs
Particulars 31/03/24 31/03/25 31/03/26 31/03/27 31/03/28

Receipts

a).Net Profit 10.41 27.62 30.66 34.00 37.67

b).Depreciation 0.13 0.29 0.25 0.22 0.20

c).Interest on termloan 0.16 0.43 0.35 0.25 0.14

Total 10.70 28.34 31.26 34.48 38.01

Repayments

a).Loan Principal 0.23 0.74 0.83 0.92 1.02

b).Interest on termloan 0.16 0.43 0.35 0.25 0.14

Total 0.39 1.17 1.17 1.17 1.17

DSCR 27.35 24.14 26.63 29.37 32.38

Average DSCR : 27.97

 Depreciation
All figures are in lakhs
Particulars Rate 31/03/24 31/03/25 31/03/26 31/03/27 31/03/28

Shed/building /Tank 5 1.0 0.98 0.93 0.88 0.84

Less Depreciation 0.021 0.049 0.047 0.044 0.042

Written down value 0.98 0.93 0.88 0.84 0.80

Agriculture machinery/motors 15 1.0 0.94 0.80 0.68 0.58

Less Depreciation 0.063 0.14 0.12 0.10 0.086

Written down value 0.94 0.80 0.68 0.58 0.49

Racks & storage 10 1.0 0.96 0.86 0.78 0.70

Less Depreciation 0.042 0.096 0.086 0.078 0.070

Written down value 0.96 0.86 0.78 0.70 0.63

Total less depreciation 0.13 0.29 0.25 0.22 0.20

Total written down value 5.87 5.58 5.33 5.11 4.91

 Assumption
The entire projection is based on the assumption that the sales for 5 years will be

All figures are in lakhs

31/03/24 31/03/25 31/03/26 31/03/27 31/03/28

51.07 134.82 148.31 163.14 179.45

Revenue from Milk : 535814.82 Revenue from meat : 11720949.18

Also the total expense for the firm during the projection years will be as follows

31/03/24 31/03/25 31/03/26 31/03/27 31/03/28

40.00 105.60 116.16 127.78 140.55

• The depreciation is as follows

Particulars Value

Shed/building /Tank 5%

Agriculture machinery/motors 15%

Racks & storage 10%

• Cost of the land or building is based on the basis of current rate

• Cost of machinery is based on the quotation submitted by the supplier

• Value of raw materials & utility charges as per the current market conditions

• All other assumptions are calculated based on the basis of experience of the promoter and deep study
on the working of similar model

This report is created using www.finline.in . Finline have bears no financial responsibility on or behalf of any of
the authorized signatories
 Conclusion
The project as a whole describes the scope and viability of the Agriculture industry and mainly of the financial,
technical and its market potential.The project guarantee sufficient fund to repay the loan and also give a good
return on capital investment. When analyzing the social- economic impact, this project is able to generate an
employment of 5 and above. It will cater the demand of Agriculture and thus helps the other business entities
to increase the production and service which provide service and support to this industry. Thus more cyclic
employment and livelihood generation. So in all ways, we can conclude the project is technically and socially
viable and commercially sound too.

When we take a close look at the Debt Service Coverage Ratio (DSCR), the avg: DSCR is 27.97 : 1, which is at a
higher proposition and proposes a stable venture

The Profit and Loss shows a steady growth in profit throughout the year and the firm has a higher Current
Ratio (average) of 10.1, this shows the current assets and current liabilities are managed & balanced well.